State treasury officials are expected to present language of a proposed consent agreement to members of the Detroit City Council tomorrow morning before their regularly-scheduled meeting, according to the governor's spokeswoman.

The ten-member state review team currently investigating Detroit's finances ahead of recommended intervention also will receive a draft of the proposed agreement, which they will make public during an open meeting.

Detroit is facing a budget deficit approaching $200 million, and local leaders have acknowledged that the city could run out of cash by May. A consent agreement would provide city officials with many of the same cost-saving powers as an emergency manager, minus the ability to break union contracts, while requiring them to meet expectations approved by the state.

Mayor Dave Bing, who has hinted he will not support a consent agreement that does not include some form of financial assistance from the state, has not been notified of the pending consent agreement proposal but has been in talks with the governor's office, according to Chief of Staff Kirk Lewis.

"The mayor feels a consent agreement must be structured, 'so the city can keep running the city,' as Gov. Snyder said earlier today," Lewis said in a released statement. "The city's restructuring should be a collaborative effort between the city and state with core authority to carry out the agreement remains with the city."

Adoption of a consent agreement would require approval of the state review team, Detroit City Council and the Bing administration. If the city were unable to live up to the agreement, the treasury immediately could recommend appointment of an emergency manager.

"I've been happy to do this agreement for months," Snyder said this morning. "The thing about the agreement is, you have to have somebody on the other side agree."

Inkster's consent agreement will give local officials 30 days to provide the state with a detailed plan containing specific and realistic spending reductions or revenue enhancements capable of resolving the city's accumulated deficit within five years.

The agreement relieves the city of the obligation to bargain with public employees when existing contracts expire and restricts the city from entering, executing or extending collective bargaining agreements without approval from the state.